The Holmes 3457 Holmes St 24 Unit Apartment Building $2,500,000 ($104,167/Unit) 6% Cap Rate Kansas City, MO 64109

The Holmes Apartments, located at 3457 Holmes Street, presents a rare opportunity to acquire a fully renovated 24-unit multifamily building that blends historic charm with contemporary luxury. Nestled in the vibrant North Hyde Park neighborhood at the heart of Midtown Kansas City, the property offers 12 spacious studios and 12 one-bedroom units. This classic brick structure has been meticulously renovated, providing investors with an asset that requires minimal upfront costs.

Each unit features refinished hardwood floors, sleek quartz countertops with designer tile backsplashes, stainless steel appliances, in-unit laundry, central A/C, and stylish tile work throughout. With high-end finishes and strong in-place operations, The Holmes Apartments represents a true turnkey opportunity in one of the city’s most dynamic rental corridors.

Strategically located near major institutions such as Hospital Hill, UMKC, and the Crossroads Arts District, all within a 3-mile radius, The Holmes is positioned in a highly desirable area. The property benefits from exceptional transit connectivity, including walking distance to the new Kansas City Streetcar extension, which links residents directly to Downtown, Crown Center, and Union Station.

The neighborhood offers an amenity-rich lifestyle with quick access to premier dining, entertainment, and cultural landmarks such as the Nelson-Atkins Museum of Art, the Kansas City Art Institute, and Westport. In addition, the property is located less than a mile from major retailers, including Costco Wholesale and The Home Depot. Exceptional walkability and public transit options further enhance its appeal to urban renters.

North Hyde Park’s central Midtown location ensures seamless access to Kansas City’s primary employment and entertainment hubs. The area is home to a diverse and steadily growing population, with 58% of households renter-occupied, highlighting strong, sustained demand for rental housing. Within a 5-mile radius, over 275,000 residents contribute to a thriving submarket that continues to see population growth and investor interest.

The Holmes offers an outstanding opportunity to acquire a high-performing multifamily asset in one of Kansas City’s most desirable and fastest-growing urban neighborhoods.